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37th day of $QQQ short term up-trend; Beware $Z

Wednesday, February 1, 2017 @ 9:34 pm by Dr. Wish
GMI6/6
GMI-27/9
T210852%

This weekly chart suggests Z may be putting in a double top. Z has now closed below its 30 week average (red line).

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36th day of $QQQ short term up-trend; GLB: $GKOS

Tuesday, January 31, 2017 @ 10:15 pm by Dr. Wish
GMI6/6
GMI-27/9
T210856%

I tweeted intraday on Tuesday about a break-out in GKOS. Note the huge volume spike.

 

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35th day of $QQQ short term up-trend; $IPGP soars; $DIS strong

Tuesday, January 31, 2017Tuesday, January 31, 2017 @ 6:39 am by Dr. Wish
GMI4/6
GMI-27/9
T210854%

IPGP, a stock that I have been watching at the suggestion of my brilliant stock buddy, Judy, rose nicely on Monday. I tweeted about it (@wishingwealth) early Monday morning when it moved up on unusually high trading volume, and I nibbled at it. Note the recent GLB to an all-time high.

Why is DIS showing such strength?

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Current GMI Signal

GREEN

since close on May 5, 2024

Successful GLBTracker

Selected stocks that have had a successful recent Green Line Breakout (GLB). One can really profit by buying stocks breaking out to all-time highs after a consolidation of 3 months or more, my GLB Setup.

Sym.DateGLB $Now $Chg.
HWM11/14/23$51.34$180.37251.32%
SFM1/29/24$49.45$164.17231.99%
CRS4/23/24$79.66$281.10252.87%
AGX9/6/24$76.70$209.31172.89%
BKNG9/16/24$3,918.00$5,815.0048.42%
APP9/17/24$116.09$344.49196.74%
DUOL9/18/24$245.87$396.1261.11%
EAT10/1/24$78.33$173.18121.09%
NFLX10/18/24$700.99$1,288.3083.78%
LRN10/23/24$69.70$138.2998.41%
PLTR11/5/24$44.91$139.03209.57%
SPOT11/6/24$387.44$736.2390.02%
CRWD4/24/25$398.33$505.2226.83%
CLS5/1/25$87.00$154.0177.02%
RGC5/1/25$1.55$18.411087.74%
LMB5/6/25$107.00$148.1038.41%
SEZL5/9/25$79.59$181.24127.72%
CRWV5/14/25$64.62$159.88147.42%
GEV5/20/25$447.50$530.8918.63%
NVDA6/3/25$140.76$158.3612.50%
TSSI6/6/2025$18.26$29.1059.36%
CCJ6/9/25$62.55$75.0119.92%
ORCL6/12/25$198.31$232.5017.24%

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  • About the General Market Index (GMI)
  • Welcome to the new *and improved* Wishing Wealth
  • How to use IBD 100 and New America stocks and TC2007 to find potential rocket stocks; Market rally begins
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  • So, Wishing Wealth Reader, Tell Us About Yourself…
  • Blog post: David, my co-presenter, brilliant colleague of 20+ years died in a freak accident on 2/18; Day 35 of $QQQ short term down-trend; 15 promising stocks to monitor
  • Blog Post: Day 48 of $QQQ short term up-trend; check out my revised GLB success table and GMI table..
  • Blog Post: Day 45 of $QQQ short term up-trend; $HOOD takes off with a high volume GLB and closes at ATH, see daily and monthly charts.
  • Blog Post: Day 44 of $QQQ short term up-trend; TA works also for mutual funds; See GLB last week in Fidelity Contrafund, $FCNKX, and learn how I analyze the market and a great source to limit losses.
  • Blog Post: Day 43 of $QQQ short term up-trend; So many breakouts–$RKLB had a high volume GLB on Thursday, see daily and monthly charts.
  • Blog Post: $CLS had GLB on Wednesday. See daily and weekly charts.

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Recommended Reading

Momentum Masters - A Roundtable Interview with Super Traders - Minervini, Ryan, Zanger & Ritchie II Alan Ellman's Selling Cash-Secured Puts: Investing to Generate Monthly Cash Flow Stock Investing For Students - a plan to get rich slowly and retire young Trade Like a Stock Market Wizard: How to Achieve Super Performance in Stocks in Any Market Exit Strategies for Covered Call Writing: Making the Most Money When Selling Stock Options Complete Encyclopedia for Covered Call Writing Wall Street The Other Las Vegas How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Trend Trading: A seven step approach to success How Legendary Traders Made Millions: Profiting From the Investment Strategies of the Gretest Traders of All time The Complete TurtleTrader: The Legend, the Lessons, the Results How to Make Money Selling Stocks Short Reminiscences of a Stock Operator Stan Weinstein's Secrets For Profiting in Bull and Bear Markets Lessons from the Greatest Stock Traders of All Time How I Made $2,000,000 In The Stock Market

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